GBR

EX-99.1

3 ex99_1.htm

EXHIBIT 99.1

Exhibit 99.1

NEWS RELEASE

FOR IMMEDIATE RELEASE

Contact:

New Concept Energy, Inc.

Investor Relations

Gene Bertcher, (800) 400-6407

info@newconceptenergy.com

New Concept Energy, Inc. Reports Second Quarter 2026 Results

Dallas (August 10, 2026) – New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the second quarter ended June 30, 2026.

The Company reported a net loss from continuing operations of ($66,000) for three months ended June 30, 2026, as compared to a net loss of ($18,000) for the similar period in 2025.

For the three months ended June 30, 2026 the Company had revenue of $41,000 including $26,000 for rental income and $15,000 in management fees. For the three months ended June 30, 2025 the Company had revenue of $40,000 including $26,000 for rental income and $14,000 in management fees.

For the three months ended June 30, 2026, corporate general & administrative expenses were $129,000 as compared to $85,000 for the comparable period in 2025.

For the three months ended June 30, 2026, interest income was $35,000 as compared to $42,000 for the comparable period in 2025.

New Concept Energy, Inc. is a Dallas-based company which owns real estate in West Virginia and provides management services for a third-party oil and gas company. For more information, visit the Company’s website at www.newconceptenergy.com.

Contact: New Concept Energy, Inc.

Gene Bertcher, (800) 400-6407

info@newconceptenergy.com

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS

(amounts in thousands)

June 30, 2026 December 31,

2025

(Unaudited) (Audited)

Assets

Current assets

Cash and cash equivalents $304 $383

Other current assets 65 13

Total current assets 369 396

Property and equipment, net of depreciation

Land, buildings and equipment 616 622

Note and interest receivable - related party

Note receivable 3,542 3,542

Interest receivable - -

3,542 3,542

Total assets $4,527 $4,560

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED

(amounts in thousands, except share and par value amount)

June 30, 2026 December 31,

2025

(Unaudited) (Audited)

Liabilities and stockholders' equity

Current liabilities

Accounts payable (including $8 due to related parties in 2026 and 2025) $47 $26

Accrued expenses 69 43

Total current liabilities 116 69

Stockholders' equity

Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and outstanding at June 30, 2026 and December 31, 2025 1 1

Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 5,131,934 shares at June 30, 2026 and December 31, 2025 51 51

Additional paid-in capital

63,579 63,579

Accumulated deficit (59,220) (59,140)

Total stockholders' equity 4,411 4,491

Total liabilities and stockholders' equity $4,527 $4,560

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(amounts in thousands, except per share amounts)

For the Three Months ended June 30, For the Six Months ended June 30,

2026 2025 2026 2025

Revenue

Rent $26 $26 $52 $52

Management fee 15 14 28 26

Total revenues 41 40 80 78

Operating expenses

Operating expenses 13 15 26 27

Corporate general and administrative 129 85 206 174

Total operating expenses 142 100 232 201

Loss from operations (101) (60) (152) (123)

Other income

Interest income ($35 and $42 for the three months ended June 30, 2026 and 2025, respectively, and $72 and $85 for the six months ended June 30, 2026 and 2025, respectively) 35 42 72 85

Total other income 35 42 72 85

Net income (loss) applicable to common shares $(66) $(18) $(80) $(38)

Net income (loss) per common share-basic and diluted $(0.01) $(0.00) $(0.02) $(0.00)

Weighted average common and equivalent shares outstanding - basic and diluted

5,132 5,132 5,132 5,132

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